Registered Representative Salary

With the highest median pay of $70K, very senior Registered Representatives make much more than the national average ($44K annually) for those in this field. Salaries for the relatively untried average out to around $43K, but survey participants with five to 10 years of experience earn a significantly higher median of $53K. People with 10 to 20 years of experience make an average of about $58K in this role. Average wages for folks with more than 20 years of experience come out to around $70K. The numbers in this rundown were provided by PayScale's salary survey participants.

$29,590 - $61,435
$30K
$44K
$61K
MEDIAN: $43,778
10%
50%
90%

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$11.98 - $25.33
$12
$18
$25
MEDIAN: $18.02
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$29,590 - $61,435  
   
Bonus
$1,028 - $14,740  
Profit Sharing
$3,000  
Commission
$-0.50 - $10,161  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,183 - $66,283  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 63
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$11.98 - $25.33  
   
Overtime
$30.74  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$1,028 - $14,740  
   
Commission
$-0.50 - $10,161  
Profit Sharing
$3,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,183 - $66,283  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 30

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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Popular Employer Salaries for Registered Representative


Charles Schwab & Co., Inc. offers the lowest pay in the field with a median salary of just $42K. There's also little variation in pay at the company, with pay ranging from $37K to $62K.

Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

Key Stats for Registered Representative

Gender

Female
53 %
Male
47 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.
Less than 1 year
1%
1-4 years
66%
5-9 years
16%
10-19 years
13%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Registered Representative Salaries

Late-Career
▲53%

Experienced
▲28%

Mid-Career
▲16%

National Average
$46,000

Entry-Level
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
66%
5-9 years
16%
10-19 years
13%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 60%
vision benefits
Vision: 53%
dental benefits
None: 23%
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